

Marathon Petroleum Gains; Palantir Higher; US Steel Rallies
Jun 16, 2025
Marathon Petroleum sees a boost as it outperforms oil giants due to heightened energy prices from Middle Eastern tensions. Palantir's shares are rising as investors flock to defensive stocks amid concerns about inflation and geopolitical risks. US Steel rallies following a significant acquisition by Nippon Steel, which promises major investments and concessions to the US government. Meanwhile, Newmont Corp. drops as gold prices slip from recent highs, illustrating the fluctuating dynamics of the market.
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US Oil Exposure Drives Stock Gains
- Oil companies with more domestic US exposure are gaining more despite global price rises.
- Sustained high oil prices may encourage increased US shale production to capitalize on profits.
Defensive Stocks Rally Amid Tensions
- Defensive stocks like Palantir are rallying as geopolitical and inflation concerns rise.
- Palantir benefits from both AI exposure and federal defense contracts.
U.S. Steel Rally on Deal Approval
- U.S. Steel shares surged after President Trump's approval of Nippon Steel's $14.1 billion purchase.
- The deal includes significant concessions to the U.S. government, boosting investor confidence.